Supervisors approve BUSD bond refinancing

The Bonsall Unified School District and its property owners are expected to save $136,000 in interest payments as the result of the refinancing of general obligation bonds approved in 2005 by the voters of what was then the Bonsall Union School District.

A 5-0 San Diego County Board of Supervisors vote March 13 approved the refinancing of the $2,250,000 outstanding amount from bonds issued in 2007. The school district will be responsible for the process of selling the refunding bonds, but because the bond debt is financed by a property tax assessment County of San Diego approval was needed to...